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13 Mar 2015
EUR/USD wobbles around 1.0600
FXStreet (Edinburgh) - The European currency is losing part of yesterday’s gains, driving EUR/USD to the area of 1.0590/1.0600 so far.
EUR/USD attention to Greece, data
There are no relevant releases in the euro area today, with market participants focusing on the meeting between PM A.Tsipras and EC J.C.Juncker amidst renewed effervescence in the Greek front, particularly with Germany. Still in Greece, the country managed to repaid €350 million to the IMF earlier on, against the backdrop of increasing rumours on ‘Grexit’ (once again).
In the data sphere, US Producer Prices are due ahead of the Reuters/Michigan confidence index.
EUR/USD levels to consider
The pair is retreating 0.43% at 1.0590 and a breakdown of 1.0565 (low Mar.13) would target 1.0494 (12-year low Mar.12) en route to 1.0335 (2003 low Jan.2). On the flip side, the initial up-barrier lines up at 1.0683 (high Mar.12) followed by 1.0718 (high Mar.11) and finally 1.0855 (high Mar.10).
EUR/USD attention to Greece, data
There are no relevant releases in the euro area today, with market participants focusing on the meeting between PM A.Tsipras and EC J.C.Juncker amidst renewed effervescence in the Greek front, particularly with Germany. Still in Greece, the country managed to repaid €350 million to the IMF earlier on, against the backdrop of increasing rumours on ‘Grexit’ (once again).
In the data sphere, US Producer Prices are due ahead of the Reuters/Michigan confidence index.
EUR/USD levels to consider
The pair is retreating 0.43% at 1.0590 and a breakdown of 1.0565 (low Mar.13) would target 1.0494 (12-year low Mar.12) en route to 1.0335 (2003 low Jan.2). On the flip side, the initial up-barrier lines up at 1.0683 (high Mar.12) followed by 1.0718 (high Mar.11) and finally 1.0855 (high Mar.10).